SBA Loan FAQ

Unlike conventional lending standards, SBA loans offer funding for specific business needs as well as real estate and operating capital. SBA loans may allow for: longer terms, more flexible repayment options and lower down payments.

To make it simple, when determining if the appropriate financing should be looked at as an SBA loan, we look for the below three common reasons to acquire SBA financing:

• Collateral Shortfall
• Equity Injection
• Extending Amortization

Upon approval of the SBA credit application, a lender provides a loan with the SBA guaranteeing a portion. This guarantee gives the bank added collateral when considering loans to businesses that meet SBA guidelines that may otherwise not qualify conventionally. The loan proceeds allow the business to capitalize their business.

Our SBA specialists can sit down with you to review your business’ needs and qualifications. Learn about qualifying for an SBA loan.

CIBC offers a variety of loans types to meet a multitude of today’s business needs.

It’s really no different than a conventional loan and we have specialists to help walk you through the process. Contact Paul Liles SBA Banking Manager at 630-488-3007 to learn more about the loan process.